*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Hello Traders,
We confirmed that the first new high was just part of a running correction pattern and not actually an impulse.
Now we are in the third impulsive move and I am expecting it to continue to around 3350 / 3400 for now.
Thumbs up & follow for more!
Good luck
Hello Traders,
I am looking at a small up move to break 2,957.6 / 2,983.2 range which would complete a regular flat pattern before fall back down to complete the bigger ABC pattern at the 2,810 zone.
Thumbs up & follow for more!
Good luck
A bear-signal will be confirmed once SPY closes the week below line 'A' . Once 'B' is taken out, we'll see lows of 275, and trade sideways for a while. It looks like a further decline starting early next Year, but we'll address that when we get there.
(trend lines averaged with step-line on linear)
Hello traders,
SnP made a small flat in the middle right after the small up move and now I expect it to continue towards my original target that I posted on my previous forecast.
After this trade we will look for the sell back down to the 2.7 zone! Don't miss it.
SO - 2880
TP - 2933
SL - 2837
If you would like me to forecast a specific pair that I have not...
Looking here we can see the fractal pattern in the green triangle and notice that the width of the triangle is supported by a low volume bulltrap in both the previous bull run and the one we are predicting for this cycle. The measured FIB move from the previous bulltrap ended at the top of the cycle before it which was also the 1.618 FIB line. Also, the measured...
S&P 500 Simply Trend Analysis
It touched twice around 2950, so that the 2900 is now strong resistance line.
RSI and MACD shows bearish divergence now, so it might need some more correction time to get its direction.
Last week, there was strong candle which is compatible with the candle 2 weeks ago, so we need to see that it can break the short downtrend....
Momentum is slowing down as we approach ath and it looks price could reverse soon.
Tech stocks: The FAANG bubble popped. We are at a prime area for return to normal bull run to top.
Expect disapointing earnings fueling a selloff. Even if they are good we selloff anyway probably :p
And drive the whole market lower.
FAANG all in the same situation and...
For short term trade:
From the chart, we could spot a double top pattern forming.
Be careful
If it fell below the 2614 to 2624 level, we could confirm short sell the S&P 500
Disclaimer: This is not a financial/trading advice.
Part 1:
Part 2:
cryptovan168
2018 - SNP500 - BUY & SELL Orders:
PRIMARY 4:
SELL @ 2800 with SL @ 2900 & Target @ 2500/2400
PRIMARY 5:
BUY @ 2500 with SL @ 2400 & Target @ 2900/3100
MARKET CRASH:
SELL @ 2900 & 3100 with SL @ 3300 and Target @ 800
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